CheeMang
2021-05-03
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Verizon Nears Deal to Sell Media Arm to Apollo
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Verizon will keep a stake in the business, they said.</p>\n<p>No final decision has been made and discussions could fall through. The assets could fetch as much as $5 billion, Bloomberg News hasreported.</p>\n<p>Verizon and Apollo declined to comment.</p>\n<p>With the potential sale, Verizon would unload the remnants of an ambitious but distracting foray into online advertising. Last year, the telecom giant agreed tosellthe HuffPost online news service to BuzzFeed Inc., and in 2019 it sold the blogging platform Tumblr.</p>\n<p>The phone company’s priority today is its wireless business and the construction of a multibillion-dollar network for advanced 5G services.</p>\n<p>Verizon’s investments in online advertising never really paid off. The company acquired AOL for $4.4 billion in 2015. Tim Armstrong, head of AOL, said at the time he wanted to build a “house of brands” at Verizon under a division dubbed Oath. In 2017, the company bought Yahoo!’s internet properties for about $4.5 billion, betting its 1 billion-plus users would be a fertile audience for online ads.</p>\n<p>But in 2018, after Hans Vestberg took over as Verizon’s chief executive officer, the company wrote off more than $4 billion of its media holdings, or roughly half the value of those business, and renamed the division Verizon Media Group.</p>\n<p>Verizon Media has more than a dozen online brands. The portfolio includes TechCrunch, Ryot, Built By Girls and Flurry, according to its website. The division had first-quarter revenue of $1.9 billion, up 12% from a year earlier, according to a filing.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Verizon Nears Deal to Sell Media Arm to Apollo</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVerizon Nears Deal to Sell Media Arm to Apollo\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 08:01 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-05-02/verizon-is-said-to-near-sale-of-media-arm-to-apollo?sref=WJKVI5nK><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Deal for Verizon Media could be announced as soon as Monday\nDivision includes online brands Yahoo!, AOL and TechCrunch\n\nVerizon Communications Inc. is nearing an agreement to sell its media division ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-02/verizon-is-said-to-near-sale-of-media-arm-to-apollo?sref=WJKVI5nK\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VZ":"威瑞森"},"source_url":"https://www.bloomberg.com/news/articles/2021-05-02/verizon-is-said-to-near-sale-of-media-arm-to-apollo?sref=WJKVI5nK","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147761301","content_text":"Deal for Verizon Media could be announced as soon as Monday\nDivision includes online brands Yahoo!, AOL and TechCrunch\n\nVerizon Communications Inc. is nearing an agreement to sell its media division to Apollo Global Management Inc., according to people with knowledge of the matter, a move that would jettison once-dominant online brands like AOL and Yahoo!.\nA deal for Verizon Media could be announced as soon as Monday, said the people, who asked to not be identified because the matter isn’t public. Verizon will keep a stake in the business, they said.\nNo final decision has been made and discussions could fall through. The assets could fetch as much as $5 billion, Bloomberg News hasreported.\nVerizon and Apollo declined to comment.\nWith the potential sale, Verizon would unload the remnants of an ambitious but distracting foray into online advertising. Last year, the telecom giant agreed tosellthe HuffPost online news service to BuzzFeed Inc., and in 2019 it sold the blogging platform Tumblr.\nThe phone company’s priority today is its wireless business and the construction of a multibillion-dollar network for advanced 5G services.\nVerizon’s investments in online advertising never really paid off. The company acquired AOL for $4.4 billion in 2015. Tim Armstrong, head of AOL, said at the time he wanted to build a “house of brands” at Verizon under a division dubbed Oath. In 2017, the company bought Yahoo!’s internet properties for about $4.5 billion, betting its 1 billion-plus users would be a fertile audience for online ads.\nBut in 2018, after Hans Vestberg took over as Verizon’s chief executive officer, the company wrote off more than $4 billion of its media holdings, or roughly half the value of those business, and renamed the division Verizon Media Group.\nVerizon Media has more than a dozen online brands. The portfolio includes TechCrunch, Ryot, Built By Girls and Flurry, according to its website. The division had first-quarter revenue of $1.9 billion, up 12% from a year earlier, according to a filing.","news_type":1},"isVote":1,"tweetType":1,"viewCount":167,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":17,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/108364850"}
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